Wytec amends Series C Preferred Stock to remove automatic redemption provision

WYTEC INTERNATIONAL INC

Amendment removes automatic redemption of Series C Preferred upon national exchange listing.
Sole holder is CEO William H. Gray; amendment aligns with Oct 6, 2022 exchange agreement.
Provision removed was incompatible with the exchange agreement between company and Mr. Gray.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

WYTEC INTERNATIONAL INC: Removed the automatic redemption provision for Series C Preferred Stock upon listing on a national securities exchange (effective 2023-12-29).

Change: charter amendment
Effective: 2023-12-29

Exact text from the filing

On December 29, 2023, Wytec International, Inc., a Nevada corporation (“Wytec”), filed an amendment to its Certificate of Designation for its Series C Preferred Stock (the “Amendment to Series C Certificate of Designation”) with the Secretary of State of the State of Nevada in order to remove the provision which provided for the automatic redemption of shares of Wytec’s Series C Preferred Stock on the date that Wytec’s shares of common stock first trade on any national securities exchange

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Source: SEC EDGAR

accession 0001683168-24-000045

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